3069 S Congress RdCamdenNJ08104
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Camden at 3069 S Congress Rd, Camden, NJ, 08104 uses $50,023 cash to close to unlock $1,200/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,176/mo, and a $739/mo payment keeps the spread at $100/mo. Purchase price stands at $150,900, and rental yield measures 9.35% with $1,176/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $41,691 over five years. Five-year ROI reaches 116.92% and total cumulative return in cash records $58,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,176/mo property income covering a $739/mo payment rather than investor’s personal income.
Townhouse
Built in 1918
1,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08104, Camden, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,685 (100%) |
| Owner Occupied HU | 2,486 (25.7%) |
| Renter Occupied HU | 5,929 (61.2%) |
| Vacant Housing Units | 1,270 (13.1%) |
| Median Home Value | $83,185 |
| Average Home Value | $136,318 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
8,096
Multi-Family
503
Businesses
410
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Listed by: Sarah Watson • Keller Williams Premier
Mls Name: Bright MLS
Mls ID: #NJCD2104630